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Sports Bicycles Market Share

Report ID: GMI9052
Published Date: Apr 2024
Report Format: PDF

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Sports Bicycles Market Share

Giant Manufacturing Co., Ltd., and Trek Bicycle Corporation hold a significant market share of over 10% on the sports bicycles industry. Giant Manufacturing Co., Ltd. forms strategic partnerships and sponsorships with professional cycling teams, events, and athletes. By associating with high-profile riders and competitions, Giant enhances brand visibility and credibility in the cycling community. These partnerships also provide valuable feedback for product development and help Giant stay connected with consumers.

Trek Bicycle Corporation expands its retail footprint by opening branded retail stores and partnering with independent bike shops worldwide. They focus on providing premium retail experience, knowledgeable staff, and personalized service to enhance customer satisfaction and loyalty. By investing in retail expansion, Trek increases the accessibility and visibility of its products in key markets.

Sports Bicycles Market Companies

Major companies operating in the sports bicycles industry are:

Bianchi
Cannondale Bicycle Corporation
Cube Bikes
Giant Manufacturing Co., Ltd.
GT Bicycles
Jenson USA
Merida Industry Co., Ltd.
Scott Sports SA
Specialized Bicycle Components, Inc
Trek Bicycle Corporation

Authors: Preeti Wadhwani, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of sports bicycles reached was worth USD 13.5 billion in 2023 and will register more than 7.5% CAGR between 2024 and 2032, attributed to global shift towards healthier lifestyles and increased awareness of environmental sustainability and advancements in bicycle technology.

The mountain bicycles segment achieved 44% of the market share in 2023, due to the increasing popularity of outdoor activities and adventure sports, advancements in mountain bike technology coupled with the rise in eco-tourism and off-road biking trails.

Asia Pacific market captured 50% revenue share in 2023, propelled by the region's growing population of health-conscious individuals seeking fitness and adventure and rising disposable income.

Some of the leading industry players include Bianchi, Cannondale Bicycle Corporation, Cube Bikes, Giant Manufacturing Co., Ltd., GT Bicycles, Jenson USA, Merida Industry Co., Ltd., Scott Sports SA, Specialized Bicycle Components, Inc, and Trek Bicycle Corporation.